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times are among the highest in the country and let's not forget that taxes and spending in recent years to support the plan are under governor duval patrick have gone up substantially. we'll look at more of the claims by president obama in just a moment, but first, president obama now not the only one stonewalling for his health care plan. secretary secretary kathleen sebelius trying to get some answers about the disastrous obama care rollout. nbc news steve handelsman joins us. >> part of the parade of horribles as president obama calls it is millions of americans losing their health care and that's happening here on capitol hill, obama hhs secretary kathleen sebelius says blame insurance companies for millionses of americans getting lers and emails that they're getting dropped. republicans said president obama, with the help of kathleen sebelius, won reelection promising that if you like your health care coverage, if you like your insurance, if you like your doctor you can keep them. that, said a republican, amounts to political deception. >> millions of individuals who by listening t
months. it could mean delaying the tax penalties if you don't enroll or delay could mean not doing anything on the individual mandate. how do you read that? >> republicans sense weakness. when you look at senator joe manchin of west virginia and others are pushing to enter into the obama care exchange for the individual mandate, so democrats are pushing for a delay on that front. republicans, of course, are pushing for a delay of the entire individual mandate. they would like to get inteegious on the record on those fronts. >> robert costa, thank you very much. we appreciate it, as always. >>> health and human services kathleen inte k -- kathleen sebelius is set to testify tomorrow. going back to the office of management and budget during the reagan years. chairman fred, thank you for coming on. i appreciate it. look, a very embarrassing politically devastating moment for obama, this whole business about false promises and you are not going to be able to keep at least 50% won't be able to keep their insurance plans what can you do about it, fred? what can you do about it? >> well,
a year and a half, so that's money we have to play with now. there's no taxes or anything that we're gonna have to pay on it. we need some direction on how to best invest it without paying a fortune of fees. we have talked to a financial advisor, and he recommended that we put it in an annuity... >> i knew it. i always go -- before you said that, i was gonna say, "wait! wait, let me tell you. i can tell you what the financial advisor said -- either an annuity, a variable annuity, a variable life-insurance policy. i knew it. i knew it. did that advisor also say to you that, "if you put that $80,000 in there, i'm gonna make about $4,000 of commissions". did he or she happen to tell you that as well? >> he did not tell us that, but everything i've read online about annuities tells me that, and so i'm really hesitant to do that because it's annuity that guarantees 5% return, but the fees are 2%. >> for how long? yeah, 5% return. >> there's a 7-year term. >> 7-year term. and i'm sure that that 5% return that it guarantees is only for the first year. >> oh, okay. >> and that every year
out of 12% declared that america's large profitable corporations are paying a lower tax rate than our teachers and firefighters. this went back and said, look, this isn't the way to do it, not one year, because it followed the recession. it followed 2008 and 2009. you remember ge and other corporations? the entire financial sector had a lot of writeoffs. he did a different study. he went back and did 2004 to 2010, he counted all taxes paid worldwide, including state, including foreign, and the effective tax rate of all u.s. corporations exceeded 35% from 2004 to 2010. the other thing he found out was since 1997 all the leading economies of the world, 31 out of 34 have cut their corporate tax rates to attract job. >> did you say that includes foreign taxes too? >> includes foreign taxes. >> i mean, don't we only care about taxes paid here in the united states? >> why, because that's all we collect? >> yeah. it doesn't matter if we collect, it matters how competitive -- >> it matters if you're looking at u.s. tax receipts. if you're looking at u.s. -- >> doesn't it matter whether u.s. c
, for french footballers is kicking off as francois hollande holds firm on his top tier tax rate. we'll cross to paris at 10:20 cet. >>> and twitter's road show continues with the social media firm visiting chicago today. the company's set to start trading next thursday. but is the ipo price too conservative? we'll discuss that and plenty more coming up after this. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> part nationalized financing rbs will be creating an internal bad bank to separate toxic assets from the rest of its business. that as the lender's sole losses narrow from a year ago. it announced it was setting aside another 250 pounds for ppi selling provisions. rbs warned of a substantial full year loss. it expects litigation charges to continue. our br
cadillac plans? >> something is happening to them now. there's going to be an exercise tax that kicks in 40% now, on any benefits, premiums paid over $10,200 for individuals, $27,500 for families. so that exize tax kicks in four years from now. employers are shifting costs to the covered people to employees like ourselves and making them pay more in anticipation of that exized tax kicking in. >> if the net cost, in other words, to the company is greater than that 10,200 or whatever it is -- >> pays 40% on top of that. >> the employer pays that. they would figure in the costs they pay to the insurer to cover me. >> that's right. >> and figure in or reduce that amount by the amount that i pay per month. >> one way to address it. >> that i pay in typical deductions. >> overall trend in the industry to shift costs to the employee. >> we know that. >> and this is exacerbating that. >> this is happening for years in the private sector. >> you know, in fairness to the administration, an effort to contain costs to make people aware of what they're paying for. >> one of these things, goes back to th
year's crisis in washington? what they did was, they raised taxes, and they cut spending through the sequester. and that's had a fairly predictable result. it's been good for the deficit. take a look at this chart, and you'll see the deficit as a percent of gdp has gone down dramatically since 2009 when it was 9.2%. 2013, just 4.1%. 79% of the decrease the government says it due to tax receipts. record tax receipts in 2013, up $325 billion from 2012. that's up 13%. so the tax man is getting his cut of this improving economy and also as a result of those tax increases. that has led to this lowering of the u.s. deficit. that's something the obama administration says is a good thing. they feel like, you know, it's not getting enough attention here in all of this hullabaloo here in washington. >> a quick follow-up question if i might that kayla tausche raised. and that is all of the money that the federal government has collected in settlements, fines and so forth with, for example, financial services company -- companies in the hundreds of billions of dollars over the past four or f
chance to buy quality affordable health care as everybody else. a lot of people will qualify for new tax credits under this law that will bring down health care costs even further, so if you lose your job or if you start a new business or you're self-employed or you're a young person trying several jobs until you find that one that sticks, you're going to be able to be insured. insurance that goes with you and gives you freedom to pursue whatever you want, without fear that accident or illness will derail your dreams. this marketplace is open now. insurance companies are competing for that business. the deal is good. the prices are low. but, let's face it, we've had a problem. the website hasn't worked the way it's supposed to. over these last couple of weeks. adds a consequence, a lot of people haven't had a chance to see how good the prices for quality health insurance through these marketplaces really are. now ultimately this website, healthcare.gov, will be the easiest way to shop for and buy these new plans, because you can see these plans next to each other and compare prices and s
of our survey. a heated debate on the merits of investor in twitter. growing calls to tax the rich. robert frank will be along to tell us where the flash points are and whether you should be calling the moving vans. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> >>> it's a big week at big board. twitter shares will begin trading on thursday. the social networking giant raised the
, and tax it. >> terry lanni, the ceo of mgm/mirage. he says if his company could offer internet gambling, it could instantly double its $8 billion a year revenue. >> if we could add our brand and the credibility of a publicly traded united states gaming company, this could be a vast business. >> but mgm/mirage is shut out because the government says a law banning sports betting over the phone also bans all gambling on the internet. obviously, it hasn't stopped u.s. citizens from doing it, but it has stopped u.s. companies from offering it. >> the vast majority of wagers that are placed on the internet now are done offshore and illegally. and i, for one, think that to enact laws that you can't enforce makes no sense whatsoever. >> lanni and mgm/mirage set up their own offshore gambling website a few years ago, but to stay within the law, they could only accept bets from gamblers outside the u.s. >> we just didn't make any money; that was the problem. >> so you shut it down. >> we did. >> it's all very odd. >> well, no, it is odd. there's no doubt about that. i mean, there's gaming in ever
and says it's worth $40 a share. there's the alibaba ownership. that's after tax affecting it i think. and you get to $40 -- $6 a share for the core business. we shall see. but i will tell you this, alibaba growing as quickly as it is will be fascinating to see when it does come public. that will be a first half ipo. again, the filing still expected in the first quarter. you actually get the offering then, unclear, but let's assume it's the first half of the year. another key that yahoo! shareholders need to be up on, can they figure a tax efficient way for what it doesn't sell, may sell as little as 9% and therefore have a good remainder of alibaba, which is shocking, $190 billion. >> it's killing it. >> killing it. ebidta growing. it puts twitter to shame. >> as for the bernstein call, what if the core value does improve? >> here's the issue for me. wrooef se we've seen these over and over again, internet companies and people go crazy. i don't know what to pay for alibaba. i don't. if it's real, and it sounds real -- >> it's real. this company is generating enormous operating profit
't forget, it's tax deductib deductible. >> i disagree. okay. >> last word. are you disinvesting, mike? >> no, no, i'm always fully invested. i've been riding this. i've been delighted. we've had a very defensive take on the markets. as you know, i've stayed with my health care, my technology. my industrial stocks and my consumer staples. we've been looking like a hero. i hope it continues. but i don't -- i think you're much wiser when prices get this high. p/e multiples expand and profit margins are at all-time highs to hit your singles and doubles. >> buy and hold. that's my mantra. this thing is going to come to an end. they always do. i know that. >> yeah. >> but right now, it isn't the end. i'm with mr. heebner on this one. thank you. we appreciate it very much. >>> now, news, israelis take out a huge shipment of russian missiles in syria. looks like they were being sent to the terrorists at hezbollah. we're going to have the latest on that developing story and more, just ahead. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. s
times, regulation light, across-the-board tax cuts, might even give tax credit to middle class families, instead of all this spending, which has done nothing. there is no upturn coming in the first half of next year, trust me. >> this could be a crushing blow to toyota as consumer reports lowers the boom on its most popular model. and ford doesn't fare too well either. jackie deangelis has the latest on that story. and "the kudlow report" is coming right back. but first, we found the tape. here's more obama care comic relief. >> if our web site still isn't loading properly, we're probably just overloaded with traffic, millions of americans are visiting health carcare.gohealt is great news. unfortunately, the site was just designed to handle six people at a time. if you're in a rush consider using our low-res web site with simpler fonts and graphics. my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i
'm assuming, as i pay my taxes, that they're listening to everybody. >> yes, i hope so. and who is that lady that -- >> what they're not doing, i'm assuming, is taking notes. i think where we went wrong with the u.s. administration, joe, they wrote it down that they were listen to go angela merkel. >> that's what happens. who's that lady that tells daniel craig what to do? >> m. >> she knows, right? >> yes. i'm just trying to get this straight. the germans, they're rich. the germany at this point is -- it reminds me of cas casablanca. germany has not earned its spying outrage with all of their arms dealings and all the -- anyway, we get involved in everything over here, ross. >> there was a report yesterday, annette talked about it out of frankfurt. there was one report in the german press that said it may -- because of hangovers from the laws post the war, it may not be illegal for the u.s. to spy on the -- to listen in on the german fwoft. so there is some debate about whether the u.s. has broken any german law whatsoever. >> right. anytime you guys want you to stop funding nato and protec
but they will have some new options for those who want to cover their employment and new tax credit possibilities. for large employers, 96% already cover their employees. the penalty that you're constituents referred to is not a penalty that is imposed in 2014, it is being discussed with businesses about what kind of information is exchanged and it will take place -- >> i thank you. he's going to use the gavel on me if you don't hush. i yield back my time. >> how much time -- the chair would recognize the gentle lady from california, miss eshoo. >> welcome, madam secretary. you're a distinguished woman, you have distinguished yourself and your state, the offices that you've held and now working for the american people and i salute you for it. i want to really congratulate my republican pals for being absolutely 1,000% consistent. you love what's wrong with the web site and you detest what's working in the affordable care act, and i think that that is on full display here. but let's get back to the web site because that's what the hearing is about. it's my understanding that november 31st is the -
. but we need some government policies to let us be more competitive. >> like what? >> we need a new tax system. we have a flawed tax system. individual tax system, corporate tax system. we need real serious health care reform to deal with some of the fiscal problems that are coming down the road. we need -- we need a new immigration system. so that there's a good number of things we need to do. and the only way you get those done is with a compromise. democrats and republicans have to come together and compromise, but the leadership for that always needs to come from the president. because the only way you get big difficult, complex things done is from the executive branch and with congress being willing to compromise. >> was dodd/frank the right legislation? how come only 40% has been implemented? >> well, there's a lot of good with dodd/frank. we got the things we needed out of dodd/frank. why is only 40% been implemented? well, it's a big, complicated bill, but we have too many regulators. we have five -- >> everybody wants to weigh in. >> we have five regulators all fighting with th
it to humpty-dumpty. more importantly, he says he would now consider supporting a delay of the tax penalties in the law's individual mandate. second, obama care suffered a loss in court today. the d.c. federal peers court struck down the birth control mandate in the law. the case is now expected to go to the supreme court. and this is the number, the number that still resonates across america. tonight six, six only six people successfully enrolled in an obama care health exchange plan on day one of the roll-out. six. let's talk about all this. we welcome for the first time dorian warren, columbia university associate professor and roosevelt institute fellow. robert traynham, former bush/cheney senior adviser and georgetown university assistant dean. and jimmy kemp, president and founder of the jack kemp foundation. welcome, everybody. bob traynham, one of the things that occurs to me today with all that went on, the cancellations and the lack of grandfathering, and it was one drama after another, sebelius gave a terrible performance and so forth, and people realize they're not going to be ab
%, that's a 20% increase out of the box. secondly, there's anywhere from 4% to 5% in taxes and fees associated with the new affordable care act. and then there are changes -- the third thing, there are changes in rating. there are more benefits required. there are changes in, you know, preexisting conditions. all those add up to an average increase we've seen across the united states, depending on the market, of anywhere from 30% to 40%, ranging anywhere from low single digits all the way over 100% increases. >> the point is, the more people who opt in, the less the premium has to go up. more people opting in, that's more premiums coming in so the levels of the premium don't have to go up so much. but that's a big if. let's talk about the impact on your bottom line for next year. in your conference call today, you said, it's unclear what your growth is going to be next year, in part, because of the dust failing to settle on obama care right now, right? >> well, i think there are a lot of factors. first, the economy and whether or not there's going to be a change in utilization, so i
earnings in the extended hours tonight. the third quarter of 2013 after tax operating income attributable to aig of 1.4 billion after tax operating income per share, 96 cents a share. stock down. ceo bob ben mosche will be with me. what does dan niles know about facebook the rest of wall street doesn't? >>> plus, haunted towns? big winner of our day, long quest to find the best home in the spookiest town. queen of real estate will be with me. you're watching the "closing bell," on cnbc, first in business worldwide. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade-proud to be ranked "best overall client experience." >>> welcome back. a month for stocks. the dow and s&p 500 both hitting all time highs in the month of october. nasdaq pushing
, depreciating rupee and rise in inflation. add to that a high import tax on gold makes it even more expensive for indians to buy gold in rupee terms. traders say that's concerning given that india is the biggest buyer of gold, making up 20% of world's consumption. typically gold shares rise 2% around the volley. but this year we aren't seeing that big move in gold. according to the local merchants i spoke to in new delhi and mumbai, they're considering alternatives like silver. silver won't be able to fully replace gold's important role in weddings, religious events and festivals. experpts say regardless of the current state of the economy india will always have an insatiable appetite for the shiny yellow metal. demand just might be lackluster this holiday season, maria. >> thank you so much, seema. stay right there. we want to bring in a pair of gold experts for their take. >> dennis gartman. he's been long gold. paul sachs has been bearish. dennis, you'r long call on gold is that based on supply/demand. outlook on inflation? all of the above? what makes you like gold at these levels? >> fir
. gas is cheaper. that makes people feel better. >> don luskin, is this enough to create a consumer tax cut? is this enough to boost the economy? >> look, there's a demand side way of looking at it and a supply side way. the demand side way is having to spend so much on gasoline crowds out other expenditures. i like the supply side way. when gas is cheap, you can buy more gas. you can drive a car that will fit your whole family. you can live in a home that's further away from your work. you can go to home depot and buy more stuff. gas is the stuff of growth. for the last ten years, we've been spending 3% of gdp on gas. that's too much. during the reagan years and the carter years, we were spending 1% of gdp on gas. that's what makes growth possible. we could get back there again. we just need a republican congress and a republican president to take the chains off fracking. we could have 50 cent gasoline. >> i'm -- i'd love to take the chains off fracking, but we had a much stronger dollar. during the reagan years, we had a much stronger dollar. if memory serves me, the price of crude oi
a rather attractive tax structure. but in some ways, this is a big public relations exercise over the next couple of days to prove there is more to technology here than just the tax system. so you can see behind me, a whole bunch of stores where many of these engineers are showing their wears or if they're pitching on stage trying to secure a venture capital money. they're all here trying to prove that technology in ireland is one that the prime minister has been focusing on. i'm going to be catching up the prime minister prime minister later on as we see that bell rung for the nasdaq. between the technology sectors in the states and here in europe, this is a company serving a growth story. let's hope it is one for ireland, ross. >> good stuff. thanks for that, ross. don't forget, come up tomorrow, karen will have interviews with the current rising stars ryan homes and hoot suite. that's tomorrow. right now, you need to keep et here on cnbc. coming up with the countdown to the opening markets stateside, whatever happens, though, we hope you have a profitable day. bye for now. >>> good morn
are -- >> you want them better or -- >> no. it's expensive. >>> we're going to talk about the sugary drink tax debate. also, in sports news, the boston red sox, can win the world series tonight at fenway if the cardinals win. game seven, that's going to be in boston. >> if they win in boston, it will be the first time since woodrow wilson. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. >>> after singapore airline stops service between singapore and new york, which airline will have the longest flight with no stops? qantas airways with 8600 mile flight between sydney and dallas. >>> time now for the executive edge. this is our daily segment focused on giving business leaders a leg up. almost every major insurance has a review of the new apple ipad air today. and re
because the government is now discussing tax reform, it is now discussing structure reform. so in many next year, for keeping the government on its turf with less positive news is probably the most important thing to do right now. >> all right, martin, thanks for that. martin schulz in tokyo. if you have any thoughts or comments, e-mail us, worldwide@cnbc.com. >>> on today's show, stress tests are welcome as cnbc's paribas. after the break, we'll be in paris to hear what else he had to say. >>> dublin is host ago summit with the top web companies and entrepreneurs. within the next half an hour, we'll go there to talk to two rising stars on the internet. ryan holmes and karen levie of gox. >>> but the glory is fade iing an oil company files for bankruptcy. we'll discuss that and a big earnings story. >>> now a recap of the headlines today, more liquidity will avoid a shock ending to ltro. >>> auto a big earnings day across the world, alcatel lucent, some suffered in the european open, but shell stocks hit the skid. >>> and in the u.s., facebook beat forecasts, but worries persist over a
in a position to raise taxes. he told you what he's going to do. he's going to take taxes up. if he wins, does that put a crimp in anything? do rates go higher? >> in terms of the mayor's race we'll see in the next couple of weeks. whoever it is, will try to continue the positive job growth, the diversification of our economy, technology -- focused on technology. a lot of the companies moving downtown, midtown south are getting priced out. i think whoever that mayor is, whether it's lodo or de blasio, he'll continue to make jobs, continuous to be the capital of the world in terms of trying to attract and retain the best and brightest and continue to drive crime down and public safety and a liveable city. go to brooklyn. you see the tremendous amount of people living and working in brooklyn today, queens, all over the city great growth. >> brooklyn is hot. what industries are spending the most money in terms of real estate right now? you said technology. >> definitely technology. but it's also -- there's a company called we work. it's just taken over 200,000 feet downtown. it's a shared work en
and there are taxes involved. >> i think apple has a capability to borrow more money. they are far from insolvent. they're a cash machine. bondholders would love to buy apple. >> does this bring the company back to the glory years of steve jobs? >> i think it benefits the shareholder shareholders apple is now a mature company. i think that carl icahn is stepping up. making sure that the ceo has a fiduciary responsibility. >> should a company with this much cash on hand be borrowing. >> is it more efficient to borrow money here in the u.s. and leave the cash off shore? unfortunately under current tax policy, that's probably the best move. >> apple is a little bit caught up in this discussion. we all believe that eventually we will get to a 25% corporate rate. but i do think that in the long term, getting that product life cycle down and restoring the market's faith in their innovation probably does a lot more for their stock than a bigger buy back program. keep in mind they already have a record breaking buy back program in place. >> since carl icahn has gotten involved, is he on to something here
of taxes and fees associated with the affordable care act that need to go into pricing, so all those things create a very unstable market, cause us to rethink the fundamentals. >> like everything else here, you look a little closer and it's not so simple. divide aetna's billion in costs by its 22 million members, comes out to $45 apiece. so we put this issue to our cnbc global cfo council. 25 chief financial officers representing some of the nation's biggest and most important companies. about half of them responded to our questions. 64% see health care costs per employee rising this year, but a plurality says less than 10% of the increase has anything to do with the affordable care act. indeed, rising premiums at work are nothing new. the kaiser family foundation says over the last ten years, your contribution for health care at work has gone up on average 89%, all of that long before obama care. >> it has been happening every year as you and i and anyone who has a corporate plan knows. you're paying higher deductible, more out of pocket, higher monthly bills. >> we don't know what it's go
but are they right? >> we'll get back to much more on the shooting at l.a.x. and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. maestro of proj
to be retirement plans in the first place. they were created in the late 1970s as a savings plan and tax shelter for ordinary americans. the idea was that workers would make voluntary contributions and employers would match a portion of them. the taxes would be deferred until the employee reached the age of 59 and 1/2. it was supposed to supplement the two traditional income streams for retirees: social security and pensions, one leg of a three-legged stool that would support american workers into their golden years, but it didn't turn out that way. >> the three-legged stool, if you will, has gone to two legs, and it's wobbly. and it's wobbling, and i'm not sure that it's gonna support anything. and that's the scary part, and people are afraid. >> brooks hamilton has helped design retirement plans for some of the country's largest corporations. he says 401(k)s turned out to be so much cheaper than funding pensions, that many companies decided to freeze their pension plans and replace them with 401(k)s. the decision created millions of new employee investors for wall street and the financial comm
, get that corporate tax rate down. >>> what's coming up on "mad" tonight? >> one of the greatest executives you never hear talked about is deb kafaro, she runs a fantastic real estate invest trust, phenomenal performance. the stock is down. the rates have not done well this year because of the spike up in interest rates. they are not that expensive anymore. this has been historically, one of the top three or four in the group. >> we are going to see you in a few minutes. get a cup of coffee and come back. >> i will, thank you >>> in addition to jim cramer's interview with consul energy, we are going to look at how apple is positioned for the results tonight. is facebook at the nasdaq or twitter when it launches? which of those two is the better investment for you? also ahead, we have pending home sales, how strong is housing now and is the fed the real wild card for these markets? hour two of "squawk on the street" monday morning. ♪ nice car. sure is. make a deal with me, kid, and you can have the car and everything that goes along with it. ♪ ♪ so, what do you say? thanks..
the year 2025. >> congress votes to raise the hotel tax on wi-fi to $40 per night. >> blackberry discontinues keyboard phone models while touch screen phones have switched to complex 3d imagery technology leaving me no way to communicate with anybody. >> nbc's "today" show again wins the morning's rating award carried by charismatic new cohost steve liesman. >> this has been "squawk horror stories" from the year 2025. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> some of the country's top cfos have weighed in on health care costs, and we have the exclusive results from our cnbc global cfo council survey. 55% said that more than 10% of their expected health care cost incre
quarter profit did total 8%, still total -- visa will be in red, the company sets aside money for taxes, they see activity slowing in october. others pointing out they've got regulatory pressure, they have square on their tail. what do you have make of visa? >> i know this is going to sound like a broken record. another company you want to buy on what i felt was somewhat targeted weakness. they had been giving you insight that things won't be that strong. why would i think to buy it? the buyback is for real. the company is a juggernaut, it's incredibly well run. you're getting it at a discount. so many companies ran into the quarter expecting things were going to be so much better than expected. you can't maintain what the analysts want. >> can you say that for the overall market then? >> yes. >> it seems to be a story that is shared. >> yes, can you say that for the overall market. >> 5% plus for october. visa is up 6, 7 in october al e alone. >> they didn't come up with a new thing for hep-c. >> they didn't do chicken wings. >> the stories that are doing well are stories where gross
out. >> it is. >> but it was $3.30. this is a tax cut for everyone, but it's not good for exxon, as we saw yesterday. >> do you think it's coming back, or no? >> oil? i hope not. >> even walmart said it's a tailwind, but offsed by the headwinds of higher -- >> i'm still forecasting $20 a barrel. i'm hoping for that for our friends in the midwest. let's look at the ten-year note. friends. saudi arabia doesn't even like us any more. 2.56% now on the ten- year. >> you can do it for your friends on the l.i.e. if we get down to 20, we'll -- >> that the. which is you when you rent a car to go out and get a pumpkin. >> this is getting better because germany is messing up with their export driven economy and there's no inflation. in fact, they're going to have to try and engender some inflation. one of the lead stories today is how low inflation in thor row zone is right now, which is, you know, raising the specter of -- and fear of deflation, which isn't good for anybody. i guess we'll go to europe first before we talk about all this other interesting stuff here. >> we have to talk about your
is to be expected. delta's operating margins what they make on each dollar of sales before interest and taxes is 13.4%. that's better than any other airline, save the always, always well-run alaska air. plus the company gave bullish guidance for next quarter which was a real lovefest. delta's premium seats has more first class than anyone in the business. in the pennsylvania -- in the past, listen to this. most seats were given away as free upgrades to coach passengers. last year only 14% of delta's domestic front cabin seats were occupied by paying customers? can you imagine all those people you pass by you thought were rich? no, man, they upgraded. free. this year the company has more than doubled that to 30%. delta's initiatives going they believe will let them take that up to 50% in the near future. they're selling a lot more expensive first-class and business class tickets where you get nothing anyway. the company has been taking out costs left and right. 11 months ago delta laid out blueprint for $1 billion of annual cost savings and on the conference call we learned management is delivering
sales with interest in taxes is better than any other airline save the always, always well run alaska air. it was a real love fest. delta has more premium seats in first class and business than anyone else in the business. in the past, listen, i didn't know this. most of the seats were given away as free upgrades to coach passengers. last year only 14% of delta's domestic front cabin seats were occupied by paying customers. can you imagine the people you thought were rich? they upgraded, free. the company is more than doubled that to 30% and delta's initials going to 50% in the near future. they're selling more where you get nothing anyway. 11 months ago delta laid out a blueprint for $1 billion worth of annual cost savings and management is delivering on that blueprint plus delta is seeing strength in the corporate travel business which grew by 10% thanks to its joint venture with virgin atlantic and my favorite thing, they have their own oil refinery to save on the cost of jet fuel. it hasn't worked out that well yet but it could be a big deal in 2014. they don't have a clean balanc
, 19 issues, on taxes, spending, deficit, debt, health care, energy. it's been over tactics. these fights have been over tactics and strategy and what irks me is to see groups like the senate conservative fund attack conservative republican senators, not over their policy votes but because they disagreed with them on political tactics. now, there's no place for this, you know, purity in politics is the enemy of victory. and what we want is what you said a while ago. republicans want to take over the senate so we'd have the house and after next year the senate, we have to win six seats. we've got at least seven good shots. and for our guys and people like cruz to want to start big fights over tactics is a setback. let's focus on policy where people see the difference between us and obama. >> who leads the party to that conclusion, though? there hasn't been someone who has been able to. >> i think governors do. if you look at governor and is their records of success, whether it's scott walker, john kasich, rick perry from texas had a fantastic run. and that's where we are actu
between 2 and 3 this year versus 3 and 4 last year. and why are we slower economy? because of higher taxes that occurred at beginning of the year. higher withholding and income tax. so the economy's making 50,000 less jobs a month now than it did last year all because of higher taxes. so the bottom line is, other than the phillip from very low mortgage rates that boosted real estate for a while in the spring, we have a no-growth or slow growth economy, inflating asset prices, what more do you want? >> no, that pretty much sums it up. final seconds, charles, your call for friday's number? >> well, based upon our -- it's less than 100,000. anywhere between 50,000 and 90,000 is what's going on. remember, this is a survey of 100,000 employers and 50,000 households the results of. it could be -- statistically any number they give could be 100,000 from reality but people look at each number like it means something. >> it's the white noise effect. charles, we're out of time. thank you for taking the time. we're going to kick it back to squawk on the street gang. >> rick, thank you so much. rick s
guardia is to me the least appealing of the three. >> terrible. >> we all pay a tax every time we fly on a plane but it goes to congress and they divvy that money across the country so it goes to airports that don't have necessarily nearly as many travelers. >> i like newark. they got all kinds of shopping. >> the lines are horrendous. >> all right. move on, mcdonald's is apparently ending a partial 40-year partnership with heinz after heinz hired burger king's former ceo. we thought as taste test was in order. we have three different -- what did you say? two minutes to eat all these french fries. we're going to see which -- >> trying which we like. >> i maintained i could tell heinz because heinz is my ketchup of choice. >> really? >> i did. let's go. everybody taste. >> which way. >> i think we've got heinz, hunts and america's choice. >> little spicy. >> tangy. >> some undertones of vanilla, little bit of leather under there. >> leather. >> i like how thick this one is. >> i don't know which one is heinz. we're going to find out. >> good balance. sweeter though. >> right. >> more tangy. >> li
penalty will be permitted to claim any tax deduction or benefit in connection with this payment. so that's what's in the agreement. often as is the case here, in addition to describing what is in the agreement, it's just as important to note what is not in the agreement. here there is no immunity from criminal prosecution for any person as i mentioned. in fact, as i said, this agreement does not have any binding affect on any any individuals either charged or uncharged and while the agreement today may end the government's prosecution of the sac capital companies, with respect to individuals, either at this hedge fund or the countless other financial institutions that buy and sell securities, we will continue to pursue insider trading investigations and follow the facts wherever they lead and the investigation in this case on the criminal side remains ongoing. now as i said just about four years ago, at the time of our first major insider trading arrests, greed sometimes is not good. and there are at least 75 convicted insider trading defendants who today would likely agree. but individu
they are being called. they should pay more in taxes. you can but that's getting some reaction today. later on "closing bell." vo: two years of grad school. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want. talk to us today. >>> welcome back. as you know >>> welcome back. as you know, in order for the obama care health plan to work it has to have young, healthy people to sign up to offset the older people who tend to use a lot of health care. now we're getting some details on who is actually at least inquiring about enrolling in the obama care program. bertha coombs joins us with details. bertha? >> so the obama administration has given itself 26 days to get the federal website fixed and running smoothly. and in the meantime, they say they are now going to be taking healthcare.g
. earnings came in better than expected but tax related. on the conference call, the company talked about the pipeline and how strong the oil and gas pipeline business was. that is a higher margin business. that's what the stock trades off of, and it took off. the company raised guidance, they'll do more in terms of buybacks and this is on the heels of another company, chicago bridge & iron, also good numbers. i think this space, the enc space, is the place to be for 2014. >> how big is their exposure to metals and mining? they mentioned the suspension of the mine and how that illustrates the headwinds they're facing and the whole industry of the metal and mining industry. >> it's a concern but not a surprise. it's the reason why the stock doesn't trade at the typical premium multiple that it gets relative to the group. as you get to betters havibility on that front, and again, oil and gas, much more important for the margins story. that's what people are paying attention to. >> right. on madison square garden, topping analysts expectations, and, dom, doing some homework here. >> three ma
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